Fantom Sonic, Gas Monetization Program Headline An Innovation-Focused 2023 for Fantom Foundation
GEORGE TOWN, Cayman Islands, Dec. 12, 2023 /PRNewswire/ -- The Fantom Foundation ("the Foundation"), the team supporting the development of the Fantom blockchain, recaps its 2023 campaign for both the Foundation and the Fantom blockchain. The launch of Fantom Sonic into its testnet environment headlines the Foundation's activity over the past year, as the company's new technology stack is anticipated to achieve over 2,000 transactions per second (TPS) at a one second average finality. The upgrade highlights the Foundation's commitment to innovating the underlying platform of the Fantom blockchain.
- In addition to multiple upgrades to the Fantom network and ecosystem, the Foundation worked alongside the likes of AWS, Google, LayerZero, Axelar, and others to further enhance the Fantom experience
GEORGE TOWN, Cayman Islands, Dec. 12, 2023 /PRNewswire/ -- The Fantom Foundation ("the Foundation"), the team supporting the development of the Fantom blockchain, recaps its 2023 campaign for both the Foundation and the Fantom blockchain. - In addition to Sonic, the Foundation implemented multiple strategic integrations, upgrades, and partnerships on behalf of Fantom, including its gas monetization program, ecosystem vault, improved bridging capabilities, and global expansion.
- The Gas Monetization program on Fantom provides visionary dApps with a sustainable income by offering them a 15% share of the gas fees they generate, similar to a web2 ad-revenue model that sees platforms reward creators that drive their success.
- Fantom Foundation CEO, Michael Kong, added: "Our team is constantly looking to support and grow the Fantom network in any capacity that we can.